Q. I worked for the U.S. Postal Service as a letter carrier from December 1984 to April 1990. I don’t think I withdrew any of my money from retirement, and now I want to. Also, I participated in the Thrift Savings Plan and I want to withdraw my money from it, too. How do I do this?
Browsing: TSP
Q. My TSP is in the G, F, C, S and I Funds. Would it be a bad time to move it to the L2020 fund, considering the loss that has occurred during this month?
Q. I’m 52 years old, with 33 years of service. If I’m offered VERA with a $25,000 bonus, can I immediately apply for the Social Security Supplement at the age of 52? Can I start the annuity from my Thrift Savings Plan at the age of 52? I want to make sure I have sufficient funds to live off of, if I’m not immediately employed by someone.
Q. I will turn 70 on Oct. 7,2019. I will be 70 1/2 on April 7, 2020. Thus, I will not have turned 70 1/2 by April 1, 2020. Will I be able to delay withdrawal from my TSP from January 2021 till 2022, since I will not have turned 70 1/2 by April 1, 2020?
Q. I have been a federal employee for about a decade now and have seen my earning ebb back and forth. What would you recommend doing to preemptively guard earnings for the potential upcoming recession that is making headlines? Which fund is typically the safest?
Q. When I retire I would like to pull money from my TSP (partial lump) to pay back a redeposit owed to my FERS. Can that be done and, if so, is the money taxed or suffer any other penalty? I will be 59 and 4 months upon my retirement Dec. 31, 2019. The redeposit is due 6 months prior to my retirement date. The amount I am paying back is $25,000.
Q. I’m retired and I wanted to rollover a 403(b) from a previous employer to my TSP. The problem is that the 403(b) does not sent a completed TSP-60 with the check. This has happened twice. I receive a letter from the TSP that they will hold the check for 15 days before sending it back to the sender. I know that there is a certain amount of time for having a tax-free transfer but I’m tired of this BS from both companies. Should I just request a full withdrawal from the 403(b) and deal with the taxes?
Q. I have 22 years of federal employment and had $304,000 in my TSP fund. I have always kept 100 percent in the C Fund. With the terrible year of 2018, I have seen all my gains lost and gained throughout the year. Today, 12/10/2018, is yet another terrible day with the stocks falling again since the opening I bell this morning. Today, as of lunch time, my TSP funds have decreased to about $280,400. I am wondering if I should move my money to the G Fund until this tumultuous time is over?
Q. If I take the VERA at age 55, can I roll my Fidelity IRA into my TSP and take monthly payments for all of it starting at 55 without the 10 percent penalty? Also, what is the time lag typically from retirement to get your first FERS annuity payment and TSP monthly payment? In other words, how long would I be out of pocket when I retire until those payments kick in?
Q. I am in the FERS retirement plan with 30-plus years of service and a plan to retire at age 63 with 42 years of service. I have most of my TSP money in the traditional TSP, but have recently began putting all of my contributions and catch up contributions into ROTH TSP only. I would like to avoid required minimum distributions on my ROTH TSP funds when I retire by transferring this money out of the TSP system into a brokerage account. Is this possible?